Tether, the world’s largest issuer of dollar stablecoins, has earned approximately $5 billion (around 7.12 trillion Korean won) from gold held as reserves. A stablecoin is a type of virtual currency ...

Japanese investment bank Mizuho reported that stablecoin issuer Circle’s USDC overtook Tether’s USDt in transaction volume ...

In an X post, Kobeissi Letter noted that Tether’s gold holdings hit a record $12.9 billion in September, equal to 104 tons of actual gold. The value has more than doubled since the start of the year.

In a recent development for the cryptocurrency and commodities markets, Tether, one of the world’s stablecoin issuers, is intensifying its investment in gold, aligning its strategy with El Salvador’s ...